Denver-based
Studies into the feasibility of resuming production are already under way at Wassa, about 150 km west of Accra. At the end of 2000, then-owner Glencar Mining estimated proven and probable resources to be 14.4 million tonnes grading 1.67 grams gold per tonne.
The new zone, christened South Akyempim, is about 2 km southwest of the processing plant site at Wassa. It was found by follow-up reverse-circulation and diamond drilling of an anomaly identified in an earlier soil geochemistry survey; five additional zones of high gold concentrations in soil are known to exist along a 6-km strike length running southwest from the main Wassa deposit.
The significant drill intersections cover a northeast-striking zone about 700 km long, with mineralized drill lengths ranging from 2 to 23 metres, and averaging 7 metres. Gold grades ranged from 2 to 10.3 grams per tonne and averaged 3.1 grams.
The average grade in the zone is significantly higher than the old reserve grade, offering hope that the project’s economics will be improved.
Golden Star owns 90% of the project, with the remainder held by the government of Ghana.
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